CANADA FRANCHISE NEWS ARCHIVE

 
: : Jul - Dec 2005

Pizza Pizza generosity knocks company into red. The founder of the Pizza Pizza restaurant chain has quietly given $20-million to charity, delivering the news in a year-end filing that showed the donation knocked his private company into a net loss. .... [more] 31 Dec, 2005
CoolBrands Sells its Franchise Division. CoolBrands International Inc. today announced that its board of directors has approved the sale of substantially all of its franchising division to International Franchise Corp. for cash consideration of US$8 million. .... [more] 22 Dec, 2005
Class action would take on Quiznos Sub. A proposed class-action lawsuit alleges America's second-largest submarine sandwich chain, Quiznos Sub, has breached Ontario franchise law. .... [more] 22 Dec, 2005
Fast food franchiser feeds job growth in North. Capitalizing on a dream has led 44-year-old Mark Torchia of the The Torchia Group in Timmins to build and expand 15 restaurant franchises in only 13 years, a significant contribution to the economy of northeastern Ontario. .... [more] 20 Dec, 2005
Krispy Kreme says Canadian restructuring complete. Krispy K Canada Co., a subsidiary, has completed buying all the assets of bankrupt Canadian franchisee KremeKo Inc. .... [more] 20 Dec, 2005
Protecting franchisees is aim of bill introduced in legislature. FREDERICTON - The province announced new legislation Wednesday to ensure small investors get proper and timely information in their dealings with large scale franchisors. .... [more] 8 Dec, 2005
Canadians expected to gobble up shares of Tim Hortons IPO. Canadian investors are expected to feast on Tim Hortons shares after parent company, Wendy's International Inc., yesterday announced its long-awaited initial public offering for stock in the iconic fast-food restaurant. .... [more] 2 Dec, 2005
Canadian Tire sells warehouses to H&R in leaseback deal. Canadian Tire Corp. Ltd. is selling two distribution centres to H&R Real Estate Investment Trust for $229-million in a deal that will see the hardware merchant lease the properties back. .... [more] 30 Nov, 2005
La Senza has plans to expand next year. Encouraged by another positive quarter, lingerie retailer La Senza Corp. said yesterday it will expand its Canadian operations next year and rejected suggestions about converting into an income fund. .... [more] 26 Nov, 2005
Van Houtte posts profit and announces acquisitions. Van Houtte Inc. announced a 7.7-per-cent rise in its second-quarter profit yesterday and said it has paid $5.8-million for three more coffee service firms. .... [more] 19 Nov, 2005
Krispy Kreme gets court approval to buy Canadian franchisee. Krispy Kreme Doughnuts Inc. said Monday that it has received court approval to buy KremeKo Inc., a Canadian franchisee, in a deal valued at $17 million. .... [more] 14 Nov, 2005
Canadian Tire in acquisitive mood. Canadian Tire Corp. Ltd., which reported a stellar third-quarter profit, is on the prowl for acquisitions in Canada and south of the border. .... [more] 11 Nov, 2005
Business owner makes the leap into franchising. When Kevin Foisy opened his tanning salon 10 years ago, the prospect of franchising his operation wasn't a consideration. .... [more] 26 Oct, 2005
Rona plans to buy up to 12 smaller rivals over two years. Rona Inc., which is battling Home Depot Inc. for the leadership in Canada's home-improvement market, may buy at least 12 smaller rivals as part of a plan to double revenue in two years. .... [more] 19 Oct, 2005
M&M Meats to open as many as 225 more stores countrywide within 6 years. M&M Meat Shops, one of the country's most successful franchise operators, is making a big push in Quebec as the Kitchener, Ont.-based company celebrates its 25th anniversary. .... [more] 16 Oct, 2005
KFC eyes bird-flu threat. As international concern grows about a potential deadly bird-flu pandemic, the income trust that controls the largest Kentucky Fried Chicken franchisee in Canada says it is keeping an eagle eye on the development and insists its staple product will pose no risk. .... [more] 14 Oct, 2005
Tim Horton's Power Play. Tim Hortons may be a fast-food institution in Canada, but the brains behind the brand have realized the company's history north of the border has no impact on its ability to expand to the south. .... [more] 13 Oct, 2005
Jean Coutu Group sells 30 strip mall properties in Ontario, Quebec. The Jean Coutu Group Inc. is selling 30 strip malls for $111.7 million and leasing back the drugstores on the properties, the Quebec-based pharmacy operator announced Friday. .... [more] 7 Oct, 2005
CKE Restaurants, Inc. Explores Canadian Expansion. CKE Restaurants, Inc. announced today that it has hired Parker & Associates, one of Canada's leading marketing consulting firms specializing in franchise development, to assist with expanding CKE's Carl's Jr. brand into Canada. .... [more] 5 Oct, 2005
The UPS Store Opens for Business in Canada. Monday, October 3, is the first official day of business in Canada for The UPS Store, formerly Mail Boxes Etc., and marks the launch of a national marketing campaign to support one of the biggest re-brands. .... [more] 3 Oct, 2005
A&W opens a second freestanding restaurant in London, Ontario. A&W Food Services of Canada Inc. announced the opening of its latest franchise restaurant in London, Ontario. .... [more] 30 Sep, 2005
Something to mull over a Slurpee: 7-Eleven wireless. 7-Eleven Canada Inc. will launch a wireless service in November, the latest entrant to break into a market that has been dominated for years by the country's telephone giants. .... [more] 29 Sep, 2005
M&M is beefing up. M&M Meat Shops are in growth mode, planning a dozen new Alberta stores over the next five years. .... [more] 29 Sep, 2005
RadioShack hires a dotcom veteran to oversee its Canadian launch. RadioShack Corp. has hired Andrew Resnick as managing director of RadioShack Canada Co., overseeing all Canadian operations, including merchandising, marketing and advertising, human resources and the Internet. .... [more] 28 Sep, 2005
How to win in Quebec. Tim Hortons resonates more with Quebeckers than Starbucks, while Canadian Tire is a hit in that province and Wal-Mart comes up wanting. Why the differences? .... [more] 27 Sep, 2005
Cold Stone to scoop into Canada. U.S.-based Cold Stone Creamery's high-end, high-fat mix of ice cream and entertainment retailing is coming to Canada. .... [more] 22 Sep, 2005
Redberry Resto acquires 40 Pizza Huts in Quebec. Redberry Resto Brands has acquired 40 Quebec Pizza Hut restaurants and become the chain’s master franchisee province-wide. .... [more] 21 Sep, 2005
Housewives Desperate For New 1-800-GOT-JUNK? Contest. Today 1-800-GOT-JUNK? announced the launch of an online contest to name the 'hunkiest' employees of the company's nearly 200 Franchise Partner locations across North America. .... [more] 21 Sep, 2005
Forzani gets back on track for turnaround. After several difficult years, Forzani Group Ltd. has finally scored a win as Canada's largest sporting goods retailer races to revamp its stores, merchandise and marketing. .... [more] 21 Sep, 2005
Couche-Tard beefs up with New Mexico deal. Alimentation Couche-Tard Inc.'s U.S. growth strategy got a boost yesterday with the announcement of a deal to buy 16 convenience stores in New Mexico. .... [more] 13 Sep, 2005
M&M hungering for bigger bite of the retail pie. M&M Meat Shops Ltd. is turning up the heat on its marketing efforts this year as it prepares to enter downtown cities and smaller rural areas in a bid to expand beyond its core suburban base. .... [more] 12 Sep, 2005
Krispy Kreme thinks it can salvage six stores in Canada. Krispy Kreme's once highflying Canadian operations have shrivelled down to a half dozen doughnut stores since entering bankruptcy protection, but its management now says no more closures are necessary. .... [more] 6 Sep, 2005
Van Houtte brews up plan to expand into Mac's chain. Gourmet coffee company Van Houtte Inc. says it's moving aggressively to grab a bigger chunk of the North American convenience store market, including a deal to install self-service bars in 500 Mac's stores in Ontario. .... [more] 1 Sep, 2005
Revamping, markdowns leave Forzani in the red. Forzani Group Ltd., Canada's largest sporting goods retailer, yesterday reported its second consecutive quarterly loss, spewing $2.3-million in red ink after marking down merchandise and overhauling stores in a bid to turn around the ailing company. .... [more] 1 Sep, 2005
La Senza moves out of the red; discourages trust talk. Lingerie retailer La Senza Corp.'s improving performance is swelling the company's coffers, but the time is not right - and may never be - for conversion to an income trust. .... [more] 26 Aug, 2005
Over 75 Quiznos Sub franchises awarded in Quebec. Quiznos Sub is having the time of its life in Quebec where it has awarded more than 75 franchises for development. .... [more] 24 Aug, 2005
Mail Boxes Etc. hopes UPS rebranding delivers. In a bid to draw more customers, Mail Boxes Etc. Canada will rename its 276 stores under the United Parcel Service Inc. banner starting this fall, borrowing the name of its well-known parent courier company. .... [more] 23 Aug, 2005
Aaron Rents gets financing for Canadian expansion. Aaron Rents Inc. has struck a deal with Canada's largest bank to provide inventory financing for the company's increasing number of Canadian franchisees. .... [more] 16 Aug, 2005
Rona eyeing expansion into the U.S. Rona Inc., the largest Canadian distributor of hardware, home renovation and gardening products, is not ruling out the possibility of expansion into the United States if the right opportunity comes along. .... [more] 11 Aug, 2005
Canadian Tire's second-quarter earnings up 14.1% Canadian Tire, a dominant player in hardware, automotive and recreational products retailing, says its second-quarter profit rose 14.1 per cent to $92.2 million with strong sales and cost controls. .... [more] 11 Aug, 2005
Jean Coutu closing 78 more U.S. Eckerd pharmacies as it rebuilds brand. The Jean Coutu Group said Wednesday it will close 78 money-losing Eckerd outlets in the United States as it continues to reshape the brand. .... [more] 3 Aug, 2005
Ikea to reduce prices 17% Retailer Ikea is slashing prices by 17 per cent amid fierce competition in the booming home furnishings sector. .... [more] 26 Jul, 2005
RadioShack Names Andrew Resnick as Managing Director. RadioShack Corporation today announced that Andrew Resnick, 48, has been named Managing Director of the company's subsidiary, RadioShack Canada Company. .... [more] 21 Jul, 2005
Shoppers Drug Mart posts higher Q2 profit. Shoppers Drug Mart Corp.'s second-quarter profits jumped more than 16 per cent as the retailer tallied higher sales right across the country. .... [more] 19 Jul, 2005
Second Cup sips on Edmonton. Canada's Second Cup is testing its new convenience card program right here in River City. .... [more] 10 Jul, 2005
Pizza Delight to acquire Quebec-based Scores BBQ-ribs eateries for $32M. Pizza Delight Corp. Ltd. has inked a deal to buy Scores Rotisserie BBQ and Ribs Inc., a Quebec-based restaurant chain, for about $32 million in cash. .... [more] 7 Jul, 2005
Pizza Pizza Royalty units start trading following fund's $168.3-million IPO. Units of Pizza Pizza Royalty Income Fund began trading on the Toronto Stock Exchange Wednesday, after the company completed its $168.3 million initial public offering. .... [more] 6 Jul, 2005
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